Photographer: Andrey Rudakov/Bloomberg

Initial Coin Offerings Rake in Another Billion in Under 2 Months

Around this time last month, the amount raised from initial coin offerings in the digital-currency market surpassed $2 billion. Now that sum is more than $1 billion higher.

Investors have poured in excess of $3 billion into over 200 ICOs this year, according to data from September was among the busiest months, bringing in almost $850 million alone in 37 offerings.

October may reflect a slowdown following regulatory crackdowns in China and South Korea, though ICOs have already attracted almost $150 million so far this month.

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